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but if you look at the united states economy overall, for every 100, $115,000 of gdp we get one job in this country. for every million barrels of oil you import, you don't, you save, for five million barrels a day you would save about 2 billion barrels a year. $200 billion. so, that is where your $200 million comes from. it takes place over three or 4-year period. david: howard, you're something who is in the industry and obviously has a personal interest in bringing up gas and oil from fracking. however, you have a ph.d from harvard. two degrees from yale. you know how to talk the talk. you don't think all regulation is bad. what regulation works in your business and what doesn't work? >> good question. so the reality is these technologies, horizontal drilling, fracturing, they're big industrial processes. all big industrial processes have environmental consequences. the regulation that works would be regulation which is clear and consistent. so that the energy industry can price it into the cost of doing business. we've seen estimates, for example, you can handle all the environmenta
but if you look at the united states economy overall, for every 100, $115,000 of gdp we get one job in this country. for every million barrels of oil you import, you don't, you save, for five million barrels a day you would save about 2 billion barrels a year. $200 billion. so, that is where your $200 million comes from. it takes place over three or 4-year period. david: howard, you're something who is in the industry and obviously has a personal interest in bringing up gas and oil from...
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Sep 18, 2012
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you have seen on every wal-mart that they have put up in the united states. this is the free market and capitalism. if it is meant to get built, it will get built. although we have a key marketing home depot. so what is the problem with wal-mart? if you like maybe there is more to this story. >> it is an iconic brand. there is no doubt about that. do they treat their workers well with health care benefits and all of that. melissa: unknown. we don't want wal-mart in her and this and that to bottom line come you can get some amazing deals. >> one thing is for sure is that they will have a big battle ahead of them. can you imagine? melissa: so you're saying in effect capital of the world? -- okay, all right. i understand. all right. more wal-mart for a woman was humiliated when she had to 100-dollar bills, wal-mart employees leave her bills were fake so they just ripped them up. that's not all, the woman was detained for more than four hours in front of customers at a san antonio wal-mart. now she has filed a complaint. asking for $75,000 in damages. and she's g
you have seen on every wal-mart that they have put up in the united states. this is the free market and capitalism. if it is meant to get built, it will get built. although we have a key marketing home depot. so what is the problem with wal-mart? if you like maybe there is more to this story. >> it is an iconic brand. there is no doubt about that. do they treat their workers well with health care benefits and all of that. melissa: unknown. we don't want wal-mart in her and this and that...
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Sep 18, 2012
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freer on that the united states, one of the great success stories. it led to higher growth and if it keeps that up, within 10 to 15 years it will be a developed country. tracy: good for them. not so great for us. ian vasquez, thanks for bringing all this to us. >> thank you. ashley: interesting stuff. certainly heading in the wrong direction from third to 10th to 18? tracy: sanctity of the contract and the fact that it no longer holds i think that is really disheartening. ashley: that is pretty sad, sad statement. coming up, outrage over a new report showing 25% of all social security disability benefits are flawed. wills will tell us how it is costing you the taxpayer millions of dollars next. tracy: first look at some of today's winners with and losers on the s&p 500 as head out to break. tenet health care up on top [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be diffic
freer on that the united states, one of the great success stories. it led to higher growth and if it keeps that up, within 10 to 15 years it will be a developed country. tracy: good for them. not so great for us. ian vasquez, thanks for bringing all this to us. >> thank you. ashley: interesting stuff. certainly heading in the wrong direction from third to 10th to 18? tracy: sanctity of the contract and the fact that it no longer holds i think that is really disheartening. ashley: that is...
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consulate in libya there are important divisions between the united states and libya on the investigation of what exactly happened at the consulate and the safe house. yeah you heard that right a safe house but there's a very big difference between an embassy or consulate and especially a safe house if you do a quick check on line a safe house refers to quote a house or apartment used as a hiding place or secure refuge by members of an organization such as a secret service agency or in underground terrorist group here's an interesting and puzzling detail if you take a look at the u.s. state department's website which we did it provides a list of all u.s. embassies consulates and diplomatic missions strangely not listed the diplomatic mission in benghazi but a quick search on the same site will turn up numerous other diplomatic missions the u.s. is taking part in so what does this say about the coverage of libya and to the mainstream media missed some important details for this and more i was joined by georgetown university professor christopher chambers. you have to understand the many le
consulate in libya there are important divisions between the united states and libya on the investigation of what exactly happened at the consulate and the safe house. yeah you heard that right a safe house but there's a very big difference between an embassy or consulate and especially a safe house if you do a quick check on line a safe house refers to quote a house or apartment used as a hiding place or secure refuge by members of an organization such as a secret service agency or in...
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Sep 18, 2012
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. >> the united states as a matter of policy does not take position with regards to competing sovereignty claims. it's important that diplomatic means on both sides be used to try to constructively resolve these issues. >> japanese business people in china have looked out of their pla plants. they don't like what they see. what's the view from the fact y factori factories. >> some are seeing protesters and they are pulling down their shutters as protesters turn nasty in china japanese are closing down their factories and stores. honda motor will stop operations at five plants. they say it will be hard to ship products amid possible violence. another carmaker plans to shut down its factory for four days from tuesday. electronics firms panasonic is halting work. retailers are taking similar precautious. the super market chain will keep a store closed for the time being. executives decided to keep their three department stores closed for some time. ito and 7-eleven are playing it safe. they are shutting some of their outlets on tuesday. japanese business leaders have cancelled a tour to chin
. >> the united states as a matter of policy does not take position with regards to competing sovereignty claims. it's important that diplomatic means on both sides be used to try to constructively resolve these issues. >> japanese business people in china have looked out of their pla plants. they don't like what they see. what's the view from the fact y factori factories. >> some are seeing protesters and they are pulling down their shutters as protesters turn nasty in china...
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Sep 18, 2012
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. >>> in afghanistan, the united states has suspended joint patrols with the military following a rash of attacks. as david martin reports, this latest development is another setback for u.s. efforts to turn over security issues to the afghan people. >> reporter: the order effectively suspends until further notice most of the operations which u.s. and afghan troops conduct side by side. at higher headquarters, afghans and americans will still work together, but in the field, small unit operations putting afghan soldiers alongside americans, the guts of the u.s. strategy to turn the fighting over to the afghans, will be suspended unless an exception is granted by a commanding general. the order was issued after a long weekend in which four american and two british troops were killed by so called insider attacks. afghans turning their guns on their supposed allies. joint chiefs chairman general martin dempsey called the surge in insider attacks a very serious threat to the campaign. in addition, two marines were killed and eight fighter jets destroyed by enemy fighters who penetrated a h
. >>> in afghanistan, the united states has suspended joint patrols with the military following a rash of attacks. as david martin reports, this latest development is another setback for u.s. efforts to turn over security issues to the afghan people. >> reporter: the order effectively suspends until further notice most of the operations which u.s. and afghan troops conduct side by side. at higher headquarters, afghans and americans will still work together, but in the field,...
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Sep 18, 2012
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! >>> i think the mic was on. >> final trade, baby. >> all right, doc. >> mpel. >> murv? >> tyc, tyco. >> guy? >> blackstone, still works, baby. >> ibm, ibm. >> looking for more ways to trade like a monster? jon joinn
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now, that's what i call a test drive. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll...
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Sep 18, 2012
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states, right? >> i think that's a very good thing, yeah. >> very healthy conversation. some, even though they're calling these comments a disaster for the romney campaign, others are not. donald trump, for one. he's what he told the gang on "squawk box." this morning. >> these statements that were very unfortunate, i guess. i don't think he should apologize. he's probably right. he probably won't get any of those votes, but he should not be apologizing. >> so is donald trump right? should romney just stand behind though comments? joining us to break it down is director of the tax policy center and our own rick santelli. rick, you agree with trump? >> i'm not going to agree or disagree with trump. my opinion is he stated basic facts, not an elegant fashion. sometimes the facts aren't easy to swallow. the issue here isn't about that sound bite. the issue here is about the media. we have a $16 trillion debt. we have a jobs program, or many jobs programs that haven't worked. we have a federal reserve w
states, right? >> i think that's a very good thing, yeah. >> very healthy conversation. some, even though they're calling these comments a disaster for the romney campaign, others are not. donald trump, for one. he's what he told the gang on "squawk box." this morning. >> these statements that were very unfortunate, i guess. i don't think he should apologize. he's probably right. he probably won't get any of those votes, but he should not be apologizing. >> so...
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Sep 18, 2012
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KGO
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united airlines flight 863 was scheduled to leave sunday night, passengers were told it was delayed to monday night. last night the flight was again delayed until 9 a.m. this morning. one angry passenger abc7 news that everyone was given hotel and breakfast vouchers but the airline had already checked their luggage and wouldn't give it back. we are trying to reach united airlines for comment. >>> tuesday, i don't think it is quite full yet, but it is -- quite fall yet, but it is fall, it felt like it really is fall. >> just a few days way. >> couldn't wait i had to announce it early. >> great observation terry, we are losing the most amount of sunshine per day we lose during the year two minutes and 24 seconds, cloud cover not hugging the ground. visibilitys unlimited in the horizontal plain, fog not out there, just a lot of marine layer clouds 1500 to 2,000 feet. culprit area of low pressure has drawn near to the bay area and really put a stubborn sea breeze into our forecast. temperatures in the low to mid 50s. clouds open up by noon, mid 70s inland. mid 60s bay. mid 50s coast. stay
united airlines flight 863 was scheduled to leave sunday night, passengers were told it was delayed to monday night. last night the flight was again delayed until 9 a.m. this morning. one angry passenger abc7 news that everyone was given hotel and breakfast vouchers but the airline had already checked their luggage and wouldn't give it back. we are trying to reach united airlines for comment. >>> tuesday, i don't think it is quite full yet, but it is -- quite fall yet, but it is fall,...
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stuart: i think their business, they're looking for a 5% drop in the united states which is a pretty bad indicator for america's economy. i think that's actually 5%. so, i really want to move on fast to apple. is it at 700, yes or no? >> no, a nickel, pull out a nickel. that's how far away we are 699.95. stuart: am i right in saying that during regular market hours it has yet to hit 700. pre-market, post market. >> correct. stuart: but-- >> i saw it over 701 overnight. so iphone 5 has been obviously breaking all records. stuart: i here by guarantee, the trumpets will sound when we hit #00. >> i thought you were guarantee 700. stuart: no, not. nice dry, nicole, nice dry. the dow industrial is down as we suggest. i'm going to stay on apple and bring in branding strategist, the author of the book "break through branding". katherine, welcome to the program. >> thanks for having me. stuart: now, i want to talk about the buzz that apple creates, very, very cleverly. did they deliberately produce fewer iphones, just restrict their production knowing that they were going to get huge orders s
stuart: i think their business, they're looking for a 5% drop in the united states which is a pretty bad indicator for america's economy. i think that's actually 5%. so, i really want to move on fast to apple. is it at 700, yes or no? >> no, a nickel, pull out a nickel. that's how far away we are 699.95. stuart: am i right in saying that during regular market hours it has yet to hit 700. pre-market, post market. >> correct. stuart: but-- >> i saw it over 701 overnight. so...
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let's remind you what's on the agenda in the united states. second quarter current account figures are out at 8:30 eastern. followed by the national association of home builders monthly survey at 10:00. a trio of fed officials speaking about the economy today. charles evans and bill dudley and jeff lacker p. richard fisher will be on "squawk box" at 7:00 eastern. it does start earlier than that, though, it starts at 6:00. >> and no reason to stop watching after we go off the air basically. still with us is david kelly from the u.s. about. which of those events will be most important for positioning in your view or is apple's iphone going to come to our rescue here? >> i think people are assuming that the iphone will be a big success. i'm not an expert in apple, but it's kind of baked in that they will do very well. the interest being one to me is the national association of home builders index. s housing is recovering in the united states. home prices are beginning to move up. that's helping with wealth and confidence and generate more home bu
let's remind you what's on the agenda in the united states. second quarter current account figures are out at 8:30 eastern. followed by the national association of home builders monthly survey at 10:00. a trio of fed officials speaking about the economy today. charles evans and bill dudley and jeff lacker p. richard fisher will be on "squawk box" at 7:00 eastern. it does start earlier than that, though, it starts at 6:00. >> and no reason to stop watching after we go off the air...
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states. rudy, it is always good to talk to you. and, you know, this comes at a moment when we have heard that al qaeda is on the run. and what we see now is groups sympathetic to al qaeda, linked to al qaeda or not on the run but frankly more powerful than the government in places like libya. are these -- should we take this threat of attack seriously? >> absolutely, i think we should take these attacks seriously, because although we're making headway in the afpac region, we have not made any headway in the north africa region. we have new governments in libya and tunisia i can't and egypt. and frankly some governments are sympathetic more into the cause or the lane of the extremist elements. so when they pose this threat, you also have a collapsed lip libya that has been a conduit for arms pushing across the region. now you have weapons and people who are sympathetic, and causes a big concern for me, at least. >> and what are the risks that there could be attacks outside that region? when pe
states. rudy, it is always good to talk to you. and, you know, this comes at a moment when we have heard that al qaeda is on the run. and what we see now is groups sympathetic to al qaeda, linked to al qaeda or not on the run but frankly more powerful than the government in places like libya. are these -- should we take this threat of attack seriously? >> absolutely, i think we should take these attacks seriously, because although we're making headway in the afpac region, we have not made...
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to the extent europe is not being helped is not helping the united states. folks if you're thoroughly confused it means you're paying attention. >> no european official has talked about wanting a stronger euro for years. they all want the weaker euro. >> why they keep talking about lower rates, you keep holding steady with rates. >> becky you are as usual a genius in that regard. the thinking that i've heard is that ultimately the ecb goes to parity with the fed at zero or zero to a quart per. >> what are they waiting for? >> that's a good question. what are they waiting for? the idea being if you have a single mandate you are less free to move your currency when you're doing that. the latest number was 2.6% inflation in the eurozone, so given that mandate constraint, they can't do it. the fed can look at 8%, 9%, 10% unemployment and say with a forecast of lower inflation down the road, i can move now to zero. >> it seems to me central banks make uhm the rules as they go aening lo, when they'll do all of the extraordinary things to say yes this is in our man
to the extent europe is not being helped is not helping the united states. folks if you're thoroughly confused it means you're paying attention. >> no european official has talked about wanting a stronger euro for years. they all want the weaker euro. >> why they keep talking about lower rates, you keep holding steady with rates. >> becky you are as usual a genius in that regard. the thinking that i've heard is that ultimately the ecb goes to parity with the fed at zero or...
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are we seeing a united states rebound in the luxury market? >> we have seen some rebound since the global financial crisis. more international customers coming from china as well and we are long-term holders of hotel assets. if we invest in the long term and we see the business coming back. cheryl: you said many brands -- many other brands are shortsighted. our culture, we think long-term. we think 20 years, 25 years. don't sweat the small up cycle or downcycle. >> one thing that fewer companies are doing in a hotel space is being an owner and operator of hotel assets and in many cases the owner is different from the hotel management operator. as the owner what we do is invest for the long term so flagship property, we have just put a substantial investment to further upgrade the rooms and create what we believe to be a new generation of hotel rooms with very good technology, great design and continue to invest like that to keep the quality of our assets of. cheryl: use a lot of money in the economic downturn especially that particular propert
are we seeing a united states rebound in the luxury market? >> we have seen some rebound since the global financial crisis. more international customers coming from china as well and we are long-term holders of hotel assets. if we invest in the long term and we see the business coming back. cheryl: you said many brands -- many other brands are shortsighted. our culture, we think long-term. we think 20 years, 25 years. don't sweat the small up cycle or downcycle. >> one thing that...
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. >> when you're president of the united states, you are president of all the people, not just the people who voted for you. you've heard the president say so many times, because he deeply believes it, that we're in this together, all of us. >> peter, do we have any idea where the obama campaign plans to take this? will the president take this issue with, you know, romney on the campaign trail? vice president joe biden is speaking around now. we're waiting to see if he makes any remarks. what do you think? >> biden said today he thinks the words stand for themselves. obama campaign manager sent out something about this last night. if this doesn't show up in a tv ad it probably malpractice. the best way to attack an opponent is to use his own words against him in a television ad. i've been talking to republicans in ohio and florida bracing for just that. the president himself has multiple opportunities to talk about this today. one, he's taping david letterman. should be taping it anytime now if david letterman doesn't ask him about this, i would be shocked. he has two fund-raisers in new
. >> when you're president of the united states, you are president of all the people, not just the people who voted for you. you've heard the president say so many times, because he deeply believes it, that we're in this together, all of us. >> peter, do we have any idea where the obama campaign plans to take this? will the president take this issue with, you know, romney on the campaign trail? vice president joe biden is speaking around now. we're waiting to see if he makes any...
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apple is easily the most valuable company in the united states, selling millions of iphones. look at these headlines. cnbc wonders if there are too many iphones being sold too early. they say they are front loading the numbers. business insider says apple's best days are behind it and the new math app will stink, despite the fact it's not out yet. the iphone comes out friday. but tomorrow we expect all apple users will get access to the new mobile operating system. most notably is what goes away. no more google maps or apple youtube app but there are improvements and a new look for your iphone or ipad starting tomorrow. >> an apple a day, right? let's check with rob mayeda. >> the forecast still free. we've got temperatures in the 40s and 50s, lots of low clouds. lunchtime temperatures, it's still jacket weather even in our valleys. as we head towards 4:00, that's when you're close to 80 in livermore. not much change to thursday. friday still looks to be the warmest day of the week. cooling again this weekend. >>> looking over here, things are starting to heat up at the toll
apple is easily the most valuable company in the united states, selling millions of iphones. look at these headlines. cnbc wonders if there are too many iphones being sold too early. they say they are front loading the numbers. business insider says apple's best days are behind it and the new math app will stink, despite the fact it's not out yet. the iphone comes out friday. but tomorrow we expect all apple users will get access to the new mobile operating system. most notably is what goes...
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united states is great market. south america, we're positioned well in all of them but clearly we're going through a big cycle here. and i think the most important thing we do at ford is to continue to invest like we have in the united states in the toughest of times to invest so we'll be here when the economy comes back. >> ford ceo alan mull laully joining us live on "squawk on the street." >> with the fusion hybrid. >> first on cnbc during power lunch coming up at 1:00. back to you. >> thank you very much. >> way to roll, phil. as was said phil will sit down with ford motor company's alan mulally. >> did you see the sales are down 29% year on year. down by almost a third. that's astounding. everybody's crushed. gm is down. everyone is down. but the situation for august is really bad, really bad. >> it appears the be strong, pretty robust. >> i think they're down 8.5% for august. it is deteriorating. >> that is true. absolutely true. when we come back, david fash exclusive. five-star portfolio manager, steven wal
united states is great market. south america, we're positioned well in all of them but clearly we're going through a big cycle here. and i think the most important thing we do at ford is to continue to invest like we have in the united states in the toughest of times to invest so we'll be here when the economy comes back. >> ford ceo alan mull laully joining us live on "squawk on the street." >> with the fusion hybrid. >> first on cnbc during power lunch coming up at...
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KRON
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if >>mark: the first phase months of this year were the hottest on the record in the united states fifth fifth of the hotte ever for in july with one of the 26 agreed in death valley for if with was recently recognized as the hottest place on earth. in the midwest, drug conditions continue, on the west coast, cooler than normal condition fifth fifth >>robin: we are definitely below normal the day and it will fail like this there of the week get the weekend. fear is a live from the bay bridge toll plaza looking out toward the ife held forth oakland in emeryville. fog is loath to clear even as we head into the afternoon. for for the mainly in the 53 now. as we have through the morning we will start to see the fog set at the coast life, still bans as we head into the era. partly sunny skies, a little bit cooler than if they would highs in the low 80 fury if flight 8:00 a.m. to overturn the philosophers fury f if you are headed as the fall, they for the give yourself extra five-year if your average fleet will be 71 minutes. oakland and san her there befiting in on time and trouble free gift
if >>mark: the first phase months of this year were the hottest on the record in the united states fifth fifth of the hotte ever for in july with one of the 26 agreed in death valley for if with was recently recognized as the hottest place on earth. in the midwest, drug conditions continue, on the west coast, cooler than normal condition fifth fifth >>robin: we are definitely below normal the day and it will fail like this there of the week get the weekend. fear is a live from the...